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StubHub price target lowered to $11 from $19 at BofA
BofA lowered the firm’s price target on StubHub (STUB) to $11 from $19 and keeps a Neutral rating on the shares. There were “few bright spots in the quarter or outlook,” but with expectations reset there is less risk of a miss going forward and the potential for upside if the concert season or World Cup “prove to be robust,” the analyst tells investors.
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